Dahlia Manufacturing has the following two possible projects. The required return is 11 percent.

Year	Project Y	Project Z
0	$27,300	$53,000
1	13,300	20,500
2	11,700	24,000
3	14,100	18,500
4	9,700	22,000

Required:
(a)	What is the profitability index for each project?

	Profitability index
Project Y	?
Project Z	?

(b)	What is the NPV for each project?

	NPV
Project Y	? $
Project Z	? $

(c)	Which, if either, of the projects should the company accept?
1. Project Z 2. Project X 3. Neither